We moved! Check our matched betting guide on our new site.
The actual launch of online sports betting and matched betting in Canada was only in 2022. Many new bookmakers became available eager to get as many clients as possible.
No-risk matched betting is the easiest technique to take advantage of betting site bonuses available for Canadian players.
Whether you are looking for a guide to learn about bonus hunting or software that can help you find matched betting opportunities you will find both.
Which is the best matched betting software in Canada?
The best matched betting software in Canada are OddsJam and ProfitDuel at the moment. They are scanning the most bookies and displaying new bonus offers.
Both have odds comparison services and help you find the best odds to complete rollover requirements.
1. OddsJam
Canadian matched betting is fairly limited when it comes to choosing between odds scanner services.
OddsJam is one of the main sites that covers sportsbooks available in Canada. It helps you find betting opportunities where the odds discrepancy between bookies is high enough to offer a matched bet.
Their cheapest Promo Optimizer plan focuses on bonus hunters who want to find low-hold bets and access to their line shopping tool.
This plan costs $39/month and also has a 7-day free trial option.
To make your activity even more optimized the matched betting software offered by OddsJam has similar filters to their premium services.
You can filter wagering opportunities based on profit percentage, bookie to include, sports, leagues, markets, min/max odds, etc.
Read more on OddsJam here.
2. ProfitDuel
ProfitDuel is the newest matched betting service and a sister site of OddsMonkey. Its focus is covering the US sportsbooks which are almost identical to the Canadian market.
As said earlier matched bettors from Canada have very limited options and need to improvise.
ProfitDuel has a very similar quality, service, and business model to OddsMonkey.
Advantages of Profitduel
- Focuses on sportsbooks available both in the US and Canada
- They offer an easy-to-understand guide on how to complete your first bonus offered by Bet365
- Access to calculators and communities on Facebook and Discord
- Profit tracker available
In my in-depth ProfitDuel review, you can find out more about their features and other advantages.
Which Canadian betting sites can be used for matched betting?
Below are the main betting sites for matched betting from Canada:
32Red, Bet365, BetHard, Bodog, ComeOn, CoolBet, GUTS, MaximBet, Mr Green, Party, Poker, ProLine, SportingBet, TrueNorth.bet, Unibet Canada, 10bet, 888 Canada, BetOnline, Betsson, BetUS, Bwin, Casumo, GTBets, Ladbrokes, Mise o Jeu, Pinnacle, PlayNow, SportsBetting
Please keep in mind that this list can change from one month to another. You should check the licenses yourself before opening an account.
Betting sites that will be available for Canadians
BetMGM, Caesars, Draftkings, FanDuel, PointsBet, theScore
Is no-risk matched betting in Canada possible?
The competition between betting sites is forcing them to offer great bonus offers to get the attention of possible customers and to keep the existing ones active.
With the number of bookies available for Canadian bettors, matched betting is a fairly good income source.
With matched betting, you can convert these free bets and deposit bonuses into withdrawable money.
I already have a guide for matched betting, but in short, I will explain how this works in Canada.
How does matched betting work in Canada?
1. You need to make a hit list with the bookies that are available for you
2. Check If they have any kind of bonus offers for new customers (on sports)
3. Free bets and welcome bonuses are the easiest targets of matched bettors
4. Placing matched bets that have a return close to 0% or simply covering both outcomes with a minimal loss are the best techniques to take the profits from these bonuses without risks.
With these steps, you will complete the rollover requirements on bonuses.
Have you never heard about arbitrage betting? In the following article, you can find more details about how to find arbitrage opportunities.
Matched betting in Canada is not the most profitable betting technique you can use. It can generate a decent income, but because of the limited number of betting sites eventually, you will finish all of the bonuses.
These few bookies are offering so generous welcome bonuses that even with 2-5 bookies you can easily make several thousands of dollars in some days. It takes time and practice but matched betting can generate a fast income at the beginning.
Matched betting example:
- You place a bet on Tennis Player A to win the match at the bookmaker with a bonus, on a Moneyline of 100
- And at another bookmaker, you cover the other Tennis player on a Moneyline close to 100
- No matter who wins, you are not losing money while completing the rollover requirements for your bonus offer.
Of course, this is a very simplified example. Many bonus offers or free bets have different rollover requirements.
But practicing matched betting is based on these simple steps: covering every outcome on a betting market with minimal or no loss. By this, you will complete the wagering requirements and the bookmaker eventually will allow you to withdraw your funds.
How to do matched betting in Canada?
1. Have a big enough starting capital for matched betting
Betting sites available for Canadian matched betting are offering fairly high bonus offers. The role of this betting technique is to take full advantage of these bonuses.
Matching the whole bonus offer would be the ideal and almost mandatory step in matched betting. Having a bonus of up to 1000 CAD but depositing only 500 CAD would waste half of the offer.
Even if you are planning to start with the smallest bonuses, I think having 2000-3000 CAD is essential for the most appropriate and easy outcome.
2. Make a list of the good Canadian betting sites for matched betting
I would advise starting with the smallest and simplest bonus offer. Most of the time free bets are the easiest you can take advantage of.
3. Use a good matched betting software
I have no doubts about OddsBoom being the best software for matched betting in Canada.
- They cover every essential bookmaker
- Bonus Cruncher: displaying betting opportunities where you can cover each outcome without losing
4. Cover your initial bets at Pinnacle
- The first bet you place while matched betting will always be at the bookmaker with the bonus offer.
- Using Pinnacle to cover the other outcome in that betting market is the most secure way for hedging a bet
- They are offering very high betting odds and possible stakes without risking getting your account limited
- They are the sharpest (most accurate) bookmakers in the market. Smart bettors are welcome here
5. Don’t withdraw your funds too soon
Every betting account is worth thousands of dollars if you know how to use smart betting strategies. Withdrawing your funds right after finishing a bonus offer can easily get your account flagged.
It would be a wasted opportunity to get it limited only for this. After finishing matched betting with every bookie, you might get the motivation to try arbitrage betting too.
Is matched betting legal in Canada?
Matched betting is a legal betting technique in every province of Canada where sports betting itself is legal with licensed bookmakers. Many bookies are legally available for Canadian bettors, so using them for matched betting is 100% legal.
Bettors who are using licensed, legal sportsbooks with accounts registered in their own name can take advantage of matched betting without having to worry about legal consequences.
Canadian lawmakers passed Bill C-218 in 2021 august to change the nationwide Criminal Code which enabled each of the Canadian provinces to make their own sports betting laws.
Right now matched betting is legal in the following Canadian provinces: Ontario, Quebec, British Columbia, Alberta, Manitoba, New Brunswick, Nova Scotia, Prince Edward Island, and the Province of Newfoundland and Labrador, Saskatchewan.
